Milgrey Finance & Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2025 ,inter alia, to consider and approve Notice of the ....
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Milgrey Finance & Investments Ltd has informed BSE about a Board of Directors meeting scheduled for Thursday, 08 May 2025, at its registered office in Kandivali (East), Mumbai. The main agenda is to consider conducting a Postal Ballot through e-voting to seek shareholder approval for increasing the authorized share capital of the company and amending the Capital clause in the Memorandum of Association accordingly. The meeting will also cover any other incidental and ancillary matters. The intimation is being given under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
For shareholders, this signals a possible capital expansion move — an increase in authorized share capital is often a precursor to a future fundraising or stock issuance, which could lead to share dilution. The stock may see mild volatility around the meeting and postal ballot results.